The financial feasibility of delaying Social Security: evidence from administrative tax data

• DOI: 10.1017/s147474721700004x
• Publication Date: 2017-04-19T05:27:29Z
• Authors: GOPI SHAH GODA; SHANTHI RAMNATH; JOHN B. SHOVEN; SITA NATARAJ SLAVOV
• Keywords: Sample (material); Quarter (Canadian coin)

Abstract Despite the large and growing returns to deferring Social Security benefits, most individuals claim before full retirement age. In this paper, we use a panel of administrative tax data on likely financially benefit from delaying claiming explore relationship between distributions tax-advantaged savings accounts. We find that majority our sample prior taking Individual Retirement Accounts (IRAs). also third have IRA balances equivalent at least two additional years quarter 4 benefits. complement analysis with Health Study these percentages are considerably higher when other financial assets taken into account.